Why is the price of bitcoin so high

[agatamannini]

We must understand that bitcoin is the first and original project that changed the world. Therefore, the price will always be maximum. Many people except him know nothing more in the crypto-world.

[SmartIphone]

Because bitcoin is at the heart of the technology age, it is the start of 4.0 technology in the future. So companies are pushing for bitcoin investment, which has made bitcoin prices rise dramatically over the past 10 years.

In addition, bitcoin is one of the first coins, which began to receive investments long ago. That in principle can explain any its cost.

I am not expecting more than 15.000 USD price of bitcoin this year. once the first quarter of the year ends we will definitely have the sweetness of bitcoin in the market.
That is why i am collecting and holding more of this coin target price this year is 10-15 thousands of U.S. Dollar.

[noneedmoney]

Bitcoin now is also one of the primary currencies in world. Its popularity is growing large.People want to invest in bitcoin and in simple i would say its brand which gives great return on investment.

[victory.lil]

The price of bitcoin today is not as high as you think, it seems to me that today it is necessary to spend bitcoin purchases as if this is a sale, just think how quickly bitcoin becomes cheaper today, do you think this is forever? Do not make me laugh.

[kissgali]

Bitcoin is now no more than a brand in the world of crypto currency. In terms of technology, there are already more promising coins, but people are willing to pay for the brand

[acilona116]

Hello,

Im new in crypto and have a question (a stupid one).. I never really gave it much though and now i wonder.

Is price of bitcoin so high (compared to altcoins) because it is so much superior or is it just because it is THE coin - the original one.

Cheers

Yes, mostly it's because it's first coin and been in crypytoworld longest. Also dev S.Nakomoto left and there is no chance of dumping it. So Bitcoin was used longest of rest coins.

[logisticalmother]

Bitcoin is very spreading and the world's famous coin, because bitcoin is the very first created cryptocurrency (mother of crypto). I think everyone knows about it

[trickyriky]

Hello,

Im new in crypto and have a question (a stupid one).. I never really gave it much though and now i wonder.

Is price of bitcoin so high (compared to altcoins) because it is so much superior or is it just because it is THE coin - the original one.

Cheers

In my opinion, these are the factors that affect the market price of Bitcoin:

1. It is the first cryptocurrency, created by the father of cryptocurrency, Satoshi (if satoshi is a single person)
2. Popularity
3. It's the nearest currency to dollar
4. Law of demand and supply
5. Investors
6. Reputation

Where is the factor related to technical issues? I mean hacker attacks and many other technical problems with services which possess Bitcoin. Stolen coins at last time brought failed prices on the market.

[torch2121]

Bitcoin is the first, and the father of all coins. I think it is normal that Bitcoin has a high price. The birth of altcoin comes next because of the flaws of Bitcoin. Because competition is being made, Bitcoin is being push up to have a high price.

[SirEGB]

Now the price of bitcoin is far from high - it's time to buy and wait for a profit. Constant swings and fluctuations in prices give everyone a good time to earn.

[Dr.Sponge]

Because anybody using it and wanted to trade it with other altcoins, that's why bitcoin price is so high.

[phamquangbinh]

I think it would be not good if the price of the bitcoin is not high because when there are times that the bitcoin fluctuates it's have a very big rate of lossing. this is only my opinion amd if you have something to say that could be widen my knowledge about this topic it is okay.

[Jiyens3]

Hello,

Im new in crypto and have a question (a stupid one).. I never really gave it much though and now i wonder.

Is price of bitcoin so high (compared to altcoins) because it is so much superior or is it just because it is THE coin - the original one.

Cheers

I will tell you about some reasons, the fact that the bitcoin was become the first crypto in the cryptocurrency's history. that means a lot of the demand gets centralized into the bitcoin.
The second caused by the fixed supply of the bitcoin. There are more adoptions to the bitcoin itself to pump the bitcoin's price.

with developments in Bitcoin that have been upgraded from the beginning to good enough to bring Bitcoin into such a high price. no wonder if indeed for the development of coins will greatly affect the price. such as Bitcoin which has considerable support and influence its development to keep on increasing.

[redcandy]

Dear friend, the price of Bitcoin is so high due to the fact that it is a strong and stable coin. Everyone is discussing the price of Bitcoin as never before, around the passions. There are many factors that affect the price of Bitcoin.

[rosycrypto12]

Bitcoin is the king of cryptocurrency. Price value of all other currencies is calculated on the basis of Bitcoin. Bitcoin is the most stable currency that shows gradual increase over the last years. With the growing popularity of cryptocurrecies, more and more people prefer to invest their savings in Bitcoin for a long term.

[Akeeto]

Bitcoin was the first coin that made the breakthrough and raised itself in the crypto industry. Its blockchain has a limit and with each block mined a difficulty for the miners gets to a new level. Because of that Bitcoin price rises. Some even believe it will reach one million but that is an impossible outcome

[lider1971]

Since the beginning of 2017, the capitalization of the cryptocurrency market has grown from about 17 to 300 billion dollars. But even with these incredible growth rates, the bitcoin market and the like are small. As a result, relatively small cash flows entering and leaving the market can have a very significant impact on prices.

[Aleksandr_ov]

for me as the price is now not up to priced, many large players buy over-the-counter bitcoin

[ostsee77]

When the price of bitcoin hit 12k people were already shocked and a lot of people became interested then it hit 18k and now suddenly almost everyone wants to be in to bitcoin since the demand has gone so high the price will go higher too.
and today he is cheap again and the people ones buy little. very funny people

[HerreraMJ]

It was the first coin to be called a cryptocurrency in the world, so it had a huge demand on the past leading to the eventual increase of it's price.